Common use of Increase in capital Clause in Contracts

Increase in capital. To consider any recommendation made by the directors on any proposal to increase the capital of the company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital provided however that except where the Trust will be subscribing for such additional equity capital the Trustees shall not agree to any proposal to increase the capital of the Company unless it has first implemented the Public Consultative Procedure.

Increase in capital. To consider any recommendation recommendations made by the directors on any proposal to increase the capital of the company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital provided however that except where the Trust will be subscribing for such additional equity capital the Trustees shall not agree to any proposal to increase the capital of the Company unless it has first implemented the Public Consultative ProcedureCompany.

Increase in capital. To consider any recommendation made by the directors of the Company on any proposal to increase the authorised capital of the company Company and after giving due consideration to the recommendations of the directors to agree to such a proposal if the Company requires additional equity capital provided however PROVIDED HOWEVER that except where if any proposed increase in capital would have the possible effect of reducing the percentage of shares held by the Trust will be subscribing for such additional equity capital in the Trustees shall not agree Company to 50 per cent or less the proposal and any proposal to increase the capital resolution of the Company to effect the increase shall not be approved or supported by the Trustees unless it the proposed increase of capital has first implemented the Public Consultative Procedurebeen approved by a Poll.